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CNY Fixing - Sticking Close To Neutral

CNH

The USD/CNH fix printed at 6.9028, versus a Bloomberg consensus of 6.9024.

  • This leaves the fixing outcome at +4pips relative to expectations in USD/CNY terms. Hence still very close to neutral. The rolling 5 day sum of the fixing error term edged down slightly to -15pips.
  • USD/CNH has stayed close to recent highs in the first part of today's session. We were last near 6.9060, with Wednesday session highs coming in just above 6.9080, which also coincides with the simple 200-day MA.

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